Synthetic Products and Securities Lending

Our Sales and Trading team across Delta One and Synthetics, Global Securities Lending, Special Situations and International Equity Derivatives provides clients with customized insight and one-stop shopping for execution, capital commitment, borrow, long strategy enhancement and financing.

• Hedge Funds

• Professional Traders

• Prop Desks

• Mutual Funds

• Market Makers

Securities Lending

• High internalization in the Americas allows for stable borrows, better pricing and control of supply

• Provide market color and execution for single stocks and baskets via single point of contact

• Securities Lending: Top rated in Asia Pacific, Europe, North America and Globally - Global Custodian 2011 Survey

Synthetic and Equity Derivatives

• Access to Alpha Generating Strategies

• Product suite spanning from access products, listed futures, options to OTC volatility instruments and complex structured products, across more than 75 countries in emerging and developed markets

• Volatility and risk analytics experts are on staff delivering global market color and facilitating product innovation and customization

Integrated Financing & Execution Platform

• Market color and execution for single stocks and baskets via single point of contact

• Integrated cash and synthetic platform, linking cash-DMA and physical  and synthetic funding

  • Variety of alternatives including forwards, put-call combos, zero strike calls and listed warrant/certificates

  • Term borrow availability

  • Customized/bespoke sector baskets and synthetic indices

  • Corporate action team integrated across financing and execution to assist you with trading, settling and managing corporate actions

• Dedicated sales trading teams, with several affiliates, are located throughout the globe for pricing complex derivativeproducts, managing overnight Asian trade execution and executing live orders in Latin America and Europe during open market hours.

• Seamless integration and a consistent flow of information across derivative execution desks in Latin America, Europe and Asia

Access to a Menu of Synthetic and Securities Lending Products

• Futures

• Options

• Swaps

• Exchange Traded Funds

• Structured Equity Finance and Trading

Locates Portal

Our web-based locates system delivers easy-to-borrow (ETB) and hard-to-borrow (HTB) locate requests directly to our securities lending desk. This system makes it easy for clients to get stock-loan market color (i.e., lending rates, availability). First, a client enters their securities into the system, then they view our Securities Lending Data rates as well as availability and average daily trading volume. The parameters that the client enters into the system triggers self-selected email alerts to advise when availability is reduced by 50% on a specific list of securities.

Market Insights & Flow

We provide clients with access to daily derivative flow information from major global markets as well as daily global macro headlines and research highlights, global swap and long strategy enhancements, pricing screens and global conference calls.